Middleby Corporation (NASDAQ: MIDD), an Elgin, IL-based foodservice industry company, acquired Escher Mixers, a Vicenza, Italy-based provider of spiral and planetary mixers.
The amount of the deal was not disclosed.
With the acquisition, Middleby Corporation will expand its offering and geographic reach.
Escher offers automated solutions for pre-dough mixing processes. All Escher mixers are ergonomically designed to ensure accessibility, cleanability and food safety. Customers include large grocery and retail chains, and they provide established solutions for the artisanal bread and pastry industries. The company has annual revenues of $15m.
Led by CEO Tim FitzGerald, Middleby develops and manufactures a broad line of solutions used in commercial foodservice, food processing, and residential kitchens.
FinSMEs
14/11/2022